Pensions

Advisers have expressed their relief that the government's promised free at-retirement guidance will not be delivered by providers, but reservations remain over the likely involvement of the Money Advice Service (MAS).

The proposed role of the Money Advice Service (MAS) in delivering financial guidance to thousands of retirees is "concerning", according to Treasury Select Committee (TSC) chairman Andrew Tyrie.

Financial advisers could pay a larger share of the costs for delivering the government's ‘guidance guarantee' than pension providers.

Revealed: The 12 standards retirement 'guidance' providers must meet

Stakeholders have welcomed the government's decision to mandate regulated advice for those seeking to transfer out of a private sector defined benefit (DB) pension scheme.

Pensions minister Steve Webb has given the clearest indication yet of the make-up of the government's retirement ‘guidance guarantee', which will include a clear "hand off" to full advice for those who need it.

The full transcript of our interview with pensions minister Steve Webb

Video: Steve Webb on annuities, investment risk and pensions 'guidance'

What's behind the spike in compensation claims handled by FSCS?

Australia is considering whether to force people to convert all or part of their pension benefits into retirement products to help manage longevity.